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20121121
20121129
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KRCB (PBS) 4
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Search Results 0 to 3 of about 4 (some duplicates have been removed)
PBS
Nov 21, 2012 5:30pm PST
about that we don't already reinsure. >> reporter: eric smith heads the america's division of swiss re. >> reinsurance is about all forms of risk, whether its health, or life, or your home, or your property, the math behind it works the most effectively if you can spread the risk around the globe in all sorts of different forms. >> reporter: insurance companies buy their own insurance-- reinsurance-- from huge firms like swiss re which, because of their size, can afford the fullest data, plug in into the most sophisticated risk models. and doing just that, swiss re actually warned us of an east coast storm like sandy in 2006. after hurricane katrina, swiss re's head of catastrophe perils, andy castaldi, worried aloud about warming seas and more violent storms in the gulf. but, he told me: >> i'm also concerned about the new york bay and long island would be inundated by a flood, due to a category 3 storm. a storm surge could completely flood the airport at jfk. 13 feet of sea water is not out of or to 17 feet is not out of the question. >> reporter: so the blue is sandy's storm surge.
PBS
Nov 22, 2012 4:30pm PST
? that's what i asked jeffrey applegate. he's chief investment officer of morgan stanley smith barney. >> you need to respect more volatility, further volatility and possibly more volatility in equity markets because the fiscal cliff issue won't get resolved any time soon. our congress is in session for only about a week-and-a-half. it's probably going to take all that time for the president and the congress to agree on a deal on the fiscal cliff which we think they will because if they don't, then you have the potential of slipping into recession which is bad for a politician. >> susie: but if there isn't a deal how are investors going to respond? do you think they're just going to stay on the side lines and wait and see? >> well, if there is not a deal then play the movie forward. you get a sharp sell-off in equity. that forces politicians to then come back to the table and to conclude a deal. that's not the way you want to end there. you would rather end a different way. one way or another you end up with a resolution on the fiscal cliff which means the u.s. economy does not dip in
PBS
Nov 21, 2012 11:00pm PST
different c.e.o. when he came back, much more able. but the google guys had to bring in eric smith and mark zuckerberg had to bring in sheryl sandberg and that's a very normal thing that happens in these companies. the founders have to -- sometimes they have division t vision, the passion, the brilliance but they don't have the managerial skills. >> rose: what happened in the i.p.o.? >> i think they let it get out ahead of them. i think they were too bullish, too optimistic about how well it was going to go and let wall street persuade them that, oh, we can do it at this price and they couldn't. and people say -- and then there were glitches in the way -- >> rose: but no one doubt it is leadership of zuckerberg and sandberg? >> no, i think they are solid. he is a guy who acknowledged mistakes in the i.p.o. he is a man -- he's brilliant. he knows what he's doing. he's got the passion, he stays behind it. he understood that he was not a manager and he brought her in and she's a good manager and very good with people which is not always his skill and not always his skill with a lot of these fo
Search Results 0 to 3 of about 4 (some duplicates have been removed)